New York State Common Retirement Fund Reduces Stock Position in Fair Isaac Corporation (NYSE:FICO)

New York State Common Retirement Fund decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,361 shares of the technology company's stock after selling 500 shares during the period. New York State Common Retirement Fund owned 0.05% of Fair Isaac worth $22,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FICO. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the 4th quarter worth approximately $26,000. Colonial Trust Co SC increased its position in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Fair Isaac by 600.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock valued at $56,000 after buying an additional 24 shares in the last quarter. Washington Trust Advisors Inc. increased its position in Fair Isaac by 69.2% during the 1st quarter. Washington Trust Advisors Inc. now owns 44 shares of the technology company's stock valued at $81,000 after buying an additional 18 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Fair Isaac by 53.1% during the 1st quarter. First Horizon Advisors Inc. now owns 49 shares of the technology company's stock valued at $90,000 after buying an additional 17 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FICO. Griffin Securities set a $2,000.00 price objective on Fair Isaac in a research report on Wednesday, July 9th. BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Barclays dropped their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of "Buy" and a consensus target price of $2,218.64.

Fair Isaac Stock Down 0.7%

NYSE:FICO traded down $10.63 on Thursday, hitting $1,526.12. The stock had a trading volume of 160,160 shares, compared to its average volume of 254,715. Fair Isaac Corporation has a 52-week low of $1,477.11 and a 52-week high of $2,402.51. The stock has a market cap of $37.15 billion, a price-to-earnings ratio of 65.72, a price-to-earnings-growth ratio of 2.42 and a beta of 1.28. The business's 50-day simple moving average is $1,811.92 and its two-hundred day simple moving average is $1,850.43.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same period in the previous year, the firm earned $6.14 EPS. The business's quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has initiated a share buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president owned 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the sale, the director directly owned 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,906 shares of company stock worth $45,222,913 over the last quarter. Company insiders own 3.46% of the company's stock.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.